Tech Stocks Halt S&P 500 Rally While SpaceX Surges: Markets Wrap
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(Bloomberg) — A rally that sent the US stock benchmark to the brink of a record faltered ahead of the first Federal Reserve rate decision under Kevin Warsh, with a another slide in oil prices driving bond yields lower.
European Stocks Gain on Optimism Over Strait of Hormuz Reopening
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(Bloomberg) — European stocks edged higher, building on Monday’s record close, as the prospect of the Strait of Hormuz reopening later this week boosted appetite for risk among investors.
US-Iran Interim Deal to Be Signed in Swiss Resort of Burgenstock
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(Bloomberg) — The signing of the interim peace deal between the US and Iran will take place on Friday near Lucerne in Switzerland, according to the country’s foreign ministry.
RBA Holds Key Rate, Willing to Tighten Further If Needed
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(Bloomberg) — Australia’s central bank kept open the possibility of further policy tightening on Tuesday after leaving its key interest rate unchanged, as Governor Michele Bullock argued that inflation could still go either way.
Swiss Lean in Favor of EU Deal After Dismissing Population Cap
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(Bloomberg) — Swiss voters are more inclined to back closer ties with the European Union than reject it, a poll showed in the wake of a plebiscite that had threatened to upend the relationship.
Ebola Cases Top 800 as African Leaders Plan Emergency Summit
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(Bloomberg) — Ebola treatment centers in eastern Democratic Republic of Congo are becoming overwhelmed as confirmed cases surge past 800 and health workers struggle to track transmission chains, aid groups warned ahead of an emergency summit of African leaders.
Stocks Climb as US-Iran Deal Spurs Slide in Oil: Markets Wrap
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(Bloomberg) — A deal to reopen the Strait of Hormuz spurred a rally in riskier corners of Wall Street, with stocks climbing alongside cryptocurrencies as oil sank on hopes the war that has jolted markets is close to an end.
World Cup Brings Good Times for Hosts Despite a Few Empty Seats
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(Bloomberg) — All the concerns about this World Cup, spanning extreme heat to transportation headaches and record ticket prices, failed to tarnish the opening days of the tournament.
Billionaire Partners Founder Moves to Split Family Office
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(Bloomberg) — Urs Wietlisbach, one of the three billionaire founders at Swiss private equity firm Partners Group Holding AG, is carving out an independent unit within the family office that’s managed their fortunes for over a decade, in an early sign of the executive’s succession planning.
Swiss Pragmatism Holds as Disputed Population Cap Rejected
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(Bloomberg) — Swiss voters opted to play it safe on Sunday, rejecting an unprecedented proposal to cap the country’s population at 10 million people as economic risks overcame elevated concerns about immigration.
RBA Set for First Pause of 2026 as Bets on Further Hike Ebb
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(Bloomberg) — Australia is set to keep its key interest rate unchanged for the first time this year, with money markets paring bets on further tightening amid signs the economy is beginning to soften.
Fed and BOE Stay Guarded After 100 Days of Iran War
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(Bloomberg) — For several global central banks, the question of whether the Iran war poses more of an immediate danger to inflation or to growth is likely to remain open in the coming week.
Switzerland Rejects Proposal to Cap Population at 10 Million
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(Bloomberg) — Switzerland rejected a proposal to cap its population at 10 million people, as warnings about economic damage if the radical measure was introduced outweighed concerns about immigration.
Switzerland Asks If 10 Million People Is Where to Draw the Line
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(Bloomberg) — A Swiss plebiscite Sunday on whether to impose a population ceiling is offering voters a choice that threatens to become their most consequential yet of the current century.
L Catterton in Talks for Stake in Hyrox Fitness Brand, Sky Says
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(Bloomberg) — LVMH-backed private equity firm L Catterton is in exclusive talks to buy a stake in extreme fitness brand Hyrox, according to Sky News.
Stocks Climb on US-Iran Optimism as SpaceX Debuts: Markets Wrap
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(Bloomberg) — Hopes for a diplomatic breakthrough that would end the war in Iran extended a slide in oil prices while lifting stocks, with Wall Street’s enthusiasm also fueled by SpaceX’s strong trading debut.
Swiss Firms Expect Population Cap to Be Defanged, Lobby Says
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(Bloomberg) — Swiss companies expect the government to water down the proposed population cap if voters back it, according to the country’s main business lobby.
Stocks Rally as Trump Signals US-Iran Deal Is Near: Markets Wrap
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(Bloomberg) — Wall Street powered a rally in stocks as oil sank after President Donald Trump signaled the US is close to a deal with Iran, fueling hopes for an end to the war that has roiled global markets.
Tech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets Wrap
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(Bloomberg) — Wall Street was rattled by a renewed selloff in some of the world’s largest technology companies, with stocks also falling as a flare-up in geopolitical tensions lifted oil prices.
